2009 Annual Report and Financial Statements - UBA Plc

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Maturity profi le Balance sheet as at 31 December 2009 Risk management report (continued) 0-30 days 1-3 months 3-6 months 6-12 months Over 1 year Total N’million N’million N’million N’million N’million N’million Assets Cash and balances with central banks 68 225 – – – – 68 225 Treasury bills 3 654 9 516 25 185 3 680 – 42 035 Due from other banks 374 616 95 579 – – – 470 195 Loans and advances to customers 278 510 53 039 51 889 36 180 186 998 606 616 Investment securities 9 235 14 560 17 327 25 992 121 293 188 407 Investment in subsidiaries – – – – – – Investment in associates – – – – 9 261 9 261 Investment in joint venture – – – – 245 245 Goodwill – – – – 2 983 2 983 Investment property – – – – 269 269 Other assets 8 614 34 034 – 16 080 28 275 87 003 Property and equipment – – – – 73 042 73 042 742 854 206 728 94 401 81 932 422 366 1 548 281 Liabilities Customer deposits 306 089 209 062 69 956 159 143 501 400 1 245 650 Due to other banks – 15 807 – – – 15 807 Liability on investment contracts – – – – 22 138 22 138 Other borrowings – – – – 14 760 14 760 Current income tax – 3 385 – – – 3 385 Other liabilities – 4 174 – 25 000 29 033 58 207 Deferred income tax liabilities – – – 2 – 2 Retirement benefi t obligations 1 503 – – – – 1 503 Capital and reserves – – – – 186 829 186 829 307 592 232 428 69 956 184 145 754 160 1 548 281 Net liquidity gap as at 31 December 2009 435 262 (25 700) 24 445 (102 213) (331 794) – Annual Report 2009 107 Financials
Risk management report (continued) Maturity profi le Balance sheet as at 30 September 2008 0-30 days 1-3 months 3-6 months 6-12 months Over 1 year Total N’million N’million N’million N’million N’million N’million Assets Cash and balances with central banks 75 267 18 588 21 004 5 229 – 120 088 Treasury bills 145 637 21 274 6 092 1 002 – 174 005 Due from other banks 424 607 130 315 86 932 9 410 3 605 654 869 Loans and advances to customers 100 892 118 111 65 766 63 678 82 963 431 410 Investment securities – – – – 126 895 126 895 Investment in subsidiaries – – – – – – Investment in associates – – – – 588 588 Investment in joint venture – – – – 900 900 Goodwill – – – – – – Investment property – – – – 589 589 Other assets 5 867 8 734 22 167 48 548 17 120 102 436 Property and equipment – – – – 61 553 61 553 Liabilities 752 270 297 022 201 961 127 867 294 213 1 673 333 Customer deposits 720 804 257 931 154 482 100 537 99 535 1 333 289 Due to other banks 6 755 5 302 7 041 5 207 7 695 32 000 Liability on investment contracts 4 056 8 112 10 139 6 084 12 167 40 558 Other borrowings – – – – – – Current income tax 848 1 696 3 062 – – 5 606 Other liabilities 13 835 10 858 14 420 10 663 15 830 65 606 Deferred income tax liabilities 107 214 268 161 243 993 Retirement benefi t obligations – – – – – – Capital and reserves – – – – 195 281 195 281 746 405 284 113 189 412 122 652 330 751 1 673 333 Net liquidity gap as at 30 September 2008 5 865 12 909 12 549 5 215 (36 538) – Operational Risk Management The unit under the supervision of the Group Chief Risk Offi cer is directly responsible for defi ning Operational Risk policies (board policies, management resolutions, and procedures). The unit monitors overall operational risk exposures and works in close collaboration with business and support units to obtain a top-down view of the operational risks. The Group has a comprehensive operational risk management framework in place which aims to prevent or minimise losses resulting from inadequate/failed internal processes, people and systems or from any external events. The key activities of performed in terms of this framework are: • Develop (including periodic reviews) and recommend operational risk management policies and framework for approval by the Board Risk Committee • Monitor adherence to, and ensure that, operational risk management policies and frameworks are uniformly implemented in all the entities within the Group • Key Risk Indicators (KRI) tracking are central to our operational risk monitoring and reporting processes and are a systematic means of informing our risk measurement framework and approaches to risk capital allocation. We employ various qualitative risk assessment methods in order to calculate the potential loss estimates at business unit and enterprise-wide levels. KRIs reporting feeds into our operational risk measurement framework. Comprehensive MIS platforms are in support of the tracking process. • Monitor changes in operational risk profi le and control eff ectiveness within the Group • Monitor implementation of operational risk mitigating action plans by risk and control owners to ensure eff ectiveness and adequacy of such initiatives • Maintain operational loss event database for the Group to ensure that economic capital charges for operational risk can be measured accurately 108 Annual Report 2009
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United Bank for Africa Plc RC: 2457
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Deposits (N’Billion) 1500 1200 90
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Group at a glance Countries of oper
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Board of directors 4 Annual Report
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Board of directors (continued) 6 An
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Board of directors (continued) 8 An
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Senior management 10 Annual Report
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Chairman’s statement CHIEF FERDIN
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Chairman’s statement (continued)
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Group Managing Director/Chief Execu
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Review of Group’s fi nancial perf
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Review of Group’s fi nancial perf
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Our products and services Selected
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Corporate social responsibility rep
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Directors’ report for the period
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Directors’ report (continued) •
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Directors’ report (continued) AUD
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Corporate governance report (contin
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Report of the Audit Committee To Me
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Report of the independent auditors
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Accounting policies for the period
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Consolidated profi t and loss accou
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Consolidated cash fl ow statement f
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Page 129 and 130: Notice of annual general meeting (c
Page 131 and 132: Notes 128 Annual Report 2009
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Page 137 and 138: Registrars UBA Registrars Limited R
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2009 Annual Report and Financial Statements - UBA Plc

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